BOE's Carney on Brexit Risks, U.K. Economy, Inflation: Statement

The transcript discusses the impact of Brexit on the UK economy, highlighting uncertainties in business investment, consumer confidence, and financial markets. It outlines the challenges faced by businesses and households, the sensitivity of financial markets to Brexit news, and the assumptions made by the Monetary Policy Committee (MPC) regarding economic forecasts. The MPC anticipates a smooth Brexit transition, with growth expected to rise and inflation to stabilize. However, the outcome remains uncertain, and the MPC will adjust monetary policy as needed to achieve economic stability.

What assumptions is the MPC making regarding the future of the UK economy in light of Brexit?

What are the potential consequences of a smooth transition to a Brexit deal?

How might changes in uncertainty regarding Brexit affect inflation and growth forecasts?